Fidelity Managed Futures ETF (NASDAQ:FFUT) Shares Shorted: Short Interest Up 137.3% in October

Fidelity Managed Futures ETF (NASDAQ:FFUT) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 18,322 shares, a growth of 137.3% from the October 15th total of 7,720 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 25,514 shares, the short-interest ratio is currently 0.7 days.

Fidelity Managed Futures ETF Trading Up 0.3%

FFUT traded up $0.19 during trading on Friday, hitting $62.45. The company’s stock had a trading volume of 10,106 shares, compared to its average volume of 25,106. Fidelity Managed Futures ETF has a twelve month low of $52.47 and a twelve month high of $67.17. The firm’s 50 day moving average price is $63.81 and its 200-day moving average price is $59.83.

Hedge Funds Weigh In On Fidelity Managed Futures ETF

Several institutional investors have recently added to or reduced their stakes in FFUT. Bellwether Advisors LLC purchased a new position in Fidelity Managed Futures ETF during the third quarter worth about $1,585,000. Kestra Advisory Services LLC purchased a new stake in Fidelity Managed Futures ETF in the 3rd quarter valued at about $303,000. Commonwealth Equity Services LLC purchased a new stake in Fidelity Managed Futures ETF in the 3rd quarter valued at about $708,000. Richards Merrill & Peterson Inc. purchased a new stake in Fidelity Managed Futures ETF in the 3rd quarter valued at about $68,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Fidelity Managed Futures ETF during the 3rd quarter valued at about $1,902,000.

About Fidelity Managed Futures ETF

The Fidelity Managed Futures ETF (FFUT) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.